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Newsroom: Business Headlines
1.Fitch Improves Forecast of Indian Economy — sees GDP Contraction of 9.4% for FY21
2.Indian Economy to Enter 'Goldilocks' Phase in 2021, says Morgan Stanley: What this means
3.Mukesh Ambani Optimistic on Economic Bounce back, says…
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Newsroom: Business Headlines
Indians to benefit as US court orders full reinstatement of DACA programme
Robust IP regime is key for India's goal of $1 tn digital economy: Biswal
Fiscal deficit may hit 8% of FY21 GDP on additional govt borrowing: Experts
Farmer…
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GDP Contrasts 7.5% in Q2, Indian Economy Enters Technical Recession
New Delhi: The gross domestic product (GDP) has contracted 7.5 per cent in the second quarter ( July-September ) period, as the economy showed the sign of rebound from a record slump of 23.9 per cent in the previous quarter.
Today's data…
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Lakshmi Vilas Bank Placed under Moratorium, RBI Proposes Merger with DBS Bank India
Mumbai: Lakshmi Vilas Bank has been put under moratorium effective 6 pm, November 17 until December 16, a RBI release said.
The moratorium has been imposed on the basis of application submitted by RBI under Sec 45 of BR Act.
RBI also…
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FM Nirmala Sitharaman Announces Atmanirbhar Bharat 3.0 to Revive COVID-Hit Economy
New Delhi: Union Finance Minister Nirmala Sitharaman today announced a slew of stimulus measures under Atmanirbhar Bharat 3.0 to revive the economy hit by COVID-19 pandemic.
Addressing a press conference, the Finance Minister said that…
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15th Finance Commission Submits Its Report for 2021-22 to 2025-26 to President
New Delhi: The Fifteenth Finance Commission (XVFC) led by Chairman N K Singh, today submitted its Report for the period 2021-22 to 2025-26 to the President of India Ram Nath Kovind.
As per the terms of reference (ToR), the Commission was…
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Sitharaman Leads Indian Delegation in 10th Round of Ministerial UK-India Economic and Financial…
New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video…
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IT Return Filing Deadline for FY’20 Extended till December 31
New Delhi: The Ministry of Finance today announced the extension of deadline for the income tax return (ITR) filing to December 31, 2020, for most individual taxpayers, from the earlier deadline of November 30, 2020.
In order to provide…
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SBI Online Banking Services Down Due to Connectivity Issues
New Delhi: India’s leading public sector lender State Bank of India today informed that its online banking services have been affected due to intermittent connectivity issues.
However, the ATMs and POS machines will continue to work, the…
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India’s Economy to Contract 9% in 2021 Fiscal: S&P
New Delhi: India' economy is likely to contract by 9% in the fiscal year ending March 31, 2021, predicted S&P Global Ratings on Monday.
As the country reels under the impact of the COVID-19 pandemic, the economy may shrink by 9% in…
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